Current Status Introducing Body:Senate Bill Number:346 Primary Sponsor:Giese Committee Number:30 Type of Legislation:GB Subject:Homestead exemption Residing Body:House Current Committee:Ways and Means Computer Document Number:JIC/5261HC.93 Introduced Date:19930202 Date of Last Amendment:19940120 Last History Body:House Last History Date:19940126 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Giese Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved ____ ______ ____________ ______________________________ ___ ____________ 346 House 19940126 Introduced, read first time, 30 referred to Committee 346 Senate 19940125 Read third time, sent to House 346 Senate 19940120 Amended, read second time, ordered to third reading with notice of general amendments 346 Senate 19940119 Committee Report: Favorable 06 with amendment 346 Senate 19930202 Introduced, read first time, 06 referred to CommitteeView additional legislative information at the LPITS web site.
Indicates Matter Stricken
Indicates New Matter
COMMITTEE AMENDMENT ADOPTED
January 20, 1994
S. 346
S. Printed 1/20/94--S.
Read the first time February 2, 1993.
TO AMEND SECTION 12-37-250, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION, SO AS TO DELETE THE DATE BY WHICH LIFE ESTATES CREATED OTHER THAN BY WILL ARE OTHERWISE ELIGIBLE FOR THE EXEMPTION.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The ninth paragraph of Section 12-37-250 of the 1976 Code is amended to read:
"The provisions of this section shall apply to life estates created by will and also to life estates otherwise created which were in effect on or before December 31, 1979."
SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1992.